期刊名称：Annals of the University of Oradea : Economic Science
印刷版ISSN：1222-569X
电子版ISSN：1582-5450
出版年度：2009
卷号：XVIII
期号：03
出版社：University of Oradea
摘要：At times of heightened global capital market volatility, high-yielding currencies tend to depreciate, while
low-yielding currencies tend to serve as “safe heaven”. We present the results of a test for Uncovered
Interest Parity for selected European currencies, in defined moments of capital market high-volatility. We
conclude about patterns of sensitivities of currencies to changes in global market volatility.
关键词：Exchange rates, Volatility, Central and Eastern Europe, Uncovered interest parity, Financial
crisis
